Mosaic (NYSE:MOS) Trading 7.1% Higher – Here’s Why

The Mosaic Company (NYSE:MOS)’s stock price was up 7.1% during mid-day trading on Friday . The stock traded as high as $22.66 and last traded at $22.58. Approximately 5,950,994 shares were traded during trading, a decline of 33% from the average daily volume of 8,831,467 shares. The stock had previously closed at $21.09.

Analyst Ratings Changes

Several brokerages have recently commented on MOS. Barclays lowered their price objective on Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, May 18th. Wolfe Research decreased their target price on Mosaic from $37.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. The Goldman Sachs Group decreased their target price on Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Bank of America downgraded Mosaic from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $33.00 to $30.00 in a research report on Friday, March 20th. Finally, Freedom Capital downgraded Mosaic from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 19th. Six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Mosaic has a consensus rating of “Hold” and an average target price of $27.47.

Mosaic Stock Performance

The stock has a market cap of $7.20 billion, a P/E ratio of 174.55, a PEG ratio of 2.68 and a beta of 0.79. The business has a 50 day moving average price of $23.36 and a 200 day moving average price of $25.36. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36.

Mosaic (NYSE:MOS) last released its earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.93 billion. Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. As a group, sell-side analysts expect that The Mosaic Company will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MOS. CYBER HORNET ETFs LLC purchased a new stake in Mosaic during the second quarter worth $31,000. MUFG Securities EMEA plc purchased a new stake in Mosaic during the second quarter worth $34,000. Geneos Wealth Management Inc. lifted its holdings in Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after buying an additional 601 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Mosaic by 57.6% during the third quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock worth $39,000 after buying an additional 415 shares during the period. Finally, Foster Dykema Cabot & Partners LLC lifted its holdings in shares of Mosaic by 54.3% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 407 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.